Notcoin Price Prediction: How Far Can the Bullish Trend Go In June?
Notcoin price prediction: NOT, a Telegram game altcoin, has seen a notable surge in price in the past 24 hours. The bullish trend has led to a 4.61% increase, bringing the price to $0.01858.
The market cap for NOT now stands at $1.9 billion, placing it at 53 in the market rankings on the CoinMarketCap data. The 24-hour trading volume has also experienced a significant boost, reaching $830 million, an increase of 7.37%.
Notcoin Price Prediction: Is $0.1 Possible by the End of June?
Over the past month, NOT coin has experienced a surge of over 28%, reflecting increased investor confidence and a positive market outlook. Trading within a range of $0.0175 to $0.2, NOT coin has shown significant volatility over the past week.
Notcoin’s recent surge follows an announcement detailing significant user adoption and new engagement incentives.
On June 9, the Notcoin team revealed in an X thread that they have reached 40 million users globally. They also shared that users, known as “Explorers,” have earned over $1.5 million from 20 campaigns.
Quick recap
Notcoin has 40M users total
These are the activated users from the database, not from web analytics tools that multiply # of users by their sessions and now show 500M Notcoin users lol pic.twitter.com/UUIp6oK0RA
— Notcoin Ø (@thenotcoin) June 9, 2024
In May, Notcoin introduced a new mission type, “Explore,” allowing players to earn passive crypto token rewards. These missions differ from previous tasks by offering continuous earnings in NOT tokens instead of one-time rewards.
The Explore feature is currently in its beta phase. However, the Notcoin team anticipates a tenfold increase in campaigns and tokens earned monthly once automated campaigns are implemented.
Technical Analysis Indicates Mixed Sentiment
Notcoin demonstrates strong upward momentum, indicating a possible entry into a bullish phase. If this trend persists, NOT might surpass the $0.019 resistance level. This trajectory could push its value towards the $0.05 mark, eventually reaching $0.1 in the foreseeable future.
Conversely, if market sentiment turns negative, Notcoin’s value may find support around $0.018. A prolonged downturn could see the price decline to approximately $0.017, underscoring the inherent volatility of the cryptocurrency market.
The daily technical indicators for Notcoin reveal a mixed market sentiment. The Relative Strength Index (RSI) is 42.68, indicating a relatively neutral stance, neither overbought nor oversold.
The Moving Average Convergence Divergence (MACD) displays a marginally bearish outlook. The MACD line is slightly below the signal line, indicating a minor bearish momentum.
The Chaikin Money Flow (CMF) index is at 0.04, suggesting positive but weakening buying pressure. The Awesome Oscillator (AO) shows a bearish divergence, with a recent shift to red bars indicating a potential trend reversal.
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